1) Look for bearish signs in the red zone
2) In opening session gap down not happen look for bearish signs at 11240 otherwise it may go directly down
3) < 11240 target 1 11080
4) < 11060 target 2 11020
5) 11240/50 is resistance as per 20EMA & 200EMA in 1D chart
6) As per Option chain analysis(OCHA), 11300 has strong resistance
Weekly Nifty Review
1) Smart Money(FII's) is bearish going for PUT Long(11200 & 11000), Selling in Futures & Selling in Cash last week
2) Domestic players(Proprietary Traders) also bearish going for Call Short( 11300 & 11400)
3) Ony Retail Traders are bullish going for Call Long
Always big player's wins so just follow them
2) In opening session gap down not happen look for bearish signs at 11240 otherwise it may go directly down
3) < 11240 target 1 11080
4) < 11060 target 2 11020
5) 11240/50 is resistance as per 20EMA & 200EMA in 1D chart
6) As per Option chain analysis(OCHA), 11300 has strong resistance
Weekly Nifty Review
1) Smart Money(FII's) is bearish going for PUT Long(11200 & 11000), Selling in Futures & Selling in Cash last week
2) Domestic players(Proprietary Traders) also bearish going for Call Short( 11300 & 11400)
3) Ony Retail Traders are bullish going for Call Long
Always big player's wins so just follow them